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Strategies & Market Trends : Mr. Pink's Picks: selected event-driven value investments

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To: TRIIBoy who wrote (13113)3/23/2000 11:05:00 PM
From: Mad2  Read Replies (1) of 18998
 
Check out SLVN. Sold 1/2 bus for 750mil, netting 600 after tax and deal cost leaving them with 470mil and no debit.
SLVN sports a 830 market cap and remaining business (education) generates 300mil year in revenue.
Have announced they are putting 300mil into a venture they'll control with Apollo (Leon Black who is responsible for RRRR developing from 6-90/share in one year) who is throwing in 100 mil and another 100 mil of old european money to invest in click orientated education businesses leveraging Sylvans name and expertice.
Announced they repurchace 19% of outstanding shares 4/20 in reverse auction at 15 7/8 to 17 1/2 per share.
Ground floor opportunity with mgmt proven in developing new business's
Two analyst upgrades in past few weeks.
No business plan yet announced for the 1/2 bil they intend to spend
Mad2
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